Corporate governance: taking ownership of your firm’s responsibilities
The idea of corporate governance can be traced back to the 18th century economist Adam Smith, who warned of the dangers of firms where ownership and management were typically separated. And the issues remain as pertinent today
According to James Kavanagh, chairman, Corporate Governance Association of Ireland (CGAI), “The regulatory environment in which companies are operating has become increasingly complex, and compliance with statutory obligations means company directors must take a more proactive approach to their statutory governance obligations.”
While the Companies Act 2014 has moved to modernise and simplify company law to ensure good corporate governance, another development, the General Data Protection Regulation (GDPR) will ensure full data governance...
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